GAMMA Investing LLC Buys 765 Shares of Match Group, Inc. (NASDAQ:MTCH)

GAMMA Investing LLC grew its position in Match Group, Inc. (NASDAQ:MTCH) by 53.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,194 shares of the technology company’s stock after purchasing an additional 765 shares during the period. GAMMA Investing LLC’s holdings in Match Group were worth $80,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in MTCH. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Match Group during the fourth quarter worth approximately $5,503,000. SageView Advisory Group LLC acquired a new stake in Match Group during the 4th quarter valued at $270,000. Royal London Asset Management Ltd. raised its position in Match Group by 7.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 111,124 shares of the technology company’s stock valued at $4,056,000 after purchasing an additional 8,118 shares during the last quarter. V Square Quantitative Management LLC boosted its stake in Match Group by 35.1% in the fourth quarter. V Square Quantitative Management LLC now owns 6,293 shares of the technology company’s stock worth $230,000 after purchasing an additional 1,636 shares in the last quarter. Finally, Parsifal Capital Management LP grew its holdings in shares of Match Group by 18.9% during the fourth quarter. Parsifal Capital Management LP now owns 1,803,162 shares of the technology company’s stock worth $65,815,000 after purchasing an additional 286,366 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Analyst Upgrades and Downgrades

MTCH has been the topic of several research reports. KeyCorp reduced their price target on shares of Match Group from $50.00 to $46.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. Wells Fargo & Company reduced their target price on shares of Match Group from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 9th. Raymond James started coverage on shares of Match Group in a report on Thursday, April 4th. They issued a “market perform” rating for the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Match Group from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Finally, Morgan Stanley cut Match Group from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $53.00 to $37.00 in a research note on Thursday, April 18th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Match Group presently has an average rating of “Moderate Buy” and an average target price of $42.43.

Match Group Trading Up 2.4 %

Match Group stock opened at $31.01 on Monday. Match Group, Inc. has a 1-year low of $27.66 and a 1-year high of $49.24. The company has a fifty day simple moving average of $31.09 and a 200 day simple moving average of $34.04. The company has a market cap of $8.24 billion, a P/E ratio of 13.48, a price-to-earnings-growth ratio of 0.51 and a beta of 1.46.

Match Group (NASDAQ:MTCH) last released its earnings results on Tuesday, May 7th. The technology company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.04. The business had revenue of $860.00 million for the quarter, compared to analyst estimates of $855.77 million. Match Group had a negative return on equity of 433.59% and a net margin of 19.03%. Match Group’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.42 earnings per share. On average, equities research analysts forecast that Match Group, Inc. will post 2.11 EPS for the current year.

Match Group Company Profile

Match Group, Inc engages in the provision of dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and Hakuna, as well as a various other brands, each built to increase users' likelihood of connecting with others. Its services are available in over 40 languages to users worldwide.